The Standardization of Electric Bicycles is Expected to Further Increase Industry Concentration

In recent years, as an important tool for residents to travel short distances, the Electric Bicycle industry has rapidly developed with the advantages of green environmental protection and economic convenience. At the same time, corresponding policy measures have also been introduced one after another to continuously regulate the production and operation behavior of enterprises, improve product quality, and promote high-quality and healthy sustainable development of the industry.

 

China is a major producer and consumer of Electric Bicycles, with a social ownership of 420 million units. According to research institutions' analysis, it is expected that the size of China's electric bicycle market will grow from 17.2 billion US dollars to 24.2 billion US dollars from 2023 to 2028.

 

Driven by multiple factors such as policy guidance, market demand, and technological progress, the Electric Bicycle industry is steadily advancing towards high-quality development. However, the E Bike industry still faces problems such as low industry concentration, weak innovation and research capabilities of enterprises, and insufficient quality assurance capabilities, which fall short of meeting the needs of the people for a better life.